LendingPoint partners with FinWise Bank to give more credit access to customers nationwide
LendingPoint, the company working to revolutionize access to credit, today announced a partnership with FinWise Bank which allows the company to offer its full suite of loan products to customers nationwide.
LendingPoint is a balance sheet lender built for the modern world. It uses a unique credit modeling process that looks for more reasons to say “yes” in seconds. The company already holds licenses in 26 states and has funded more than $185 million in loans, fulfilling a pressing need for loans to “fair credit” consumers with credit scores in the 600-700 range.
Through its partnership with FinWise Bank, LendingPoint will be able to expand its reach nationwide to tens of millions of new potential consumers, with standardized rates, loan agreements, product portfolios, marketing and services across the U.S. The company expects to complete nationwide rollout during the first half of 2017.